A Real Estate Market At The Crossroads
Is it just me, or does it feel like we’re waiting for the other shoe to drop? Politics aside, the new administration has made bold moves across all levels of government to affect the change they desire. Markets love stability and predictability and this current housing market feels just downright different than anything we've felt in many years. You've heard me say many times, real estate is hyperlocal. What's happening in Seattle may not be happening in Gig Harbor or Spokane. And sometimes even zip codes can buck the trend and perform differently than nearby neighborhoods. What isn't hyperlocal is the affordability crisis across the country. And we're not just talking about housing. From food, to utilities to travel and healthcare, the cost to live has skyrocketed over the last several years, and nothing seems to be helping. Wages are not rising fast enough to keep up, and the middle class responsible for much of the real estate market's success is being...